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Amazon's Windfall of ID Theft and Tax Fraud

by @ 12:08 pm
Filed under: financial — Tags: ,

Amazon.comSeems unbelievable but I never knew some states actually issue tax refunds in the form of Amazon gift cards. Read article.

With a long list of companies benefiting from tax refunds including Amazon, debit card issuers, tax software companies and financial institutions that collect transaction fees, one wonders if there is a real concerted effort from all sides to stem ID and tax fraud.

With the states squeezed from the scammers on one side and the greedy corporations on the other, most likely the ID theft and tax fraud problems will continue unabated.

The real losers, as usual, are and continue to be the taxpayers.

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